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he City re-evaluate the amount of such reimbursement. Thereupon the City shall re-evaluate the <br />amount of such reimbursement and give written notification of its decision to DTI which shall be <br />final and conclusive. <br />§ 2.02 Annual Financial Statement and Audit <br />Within sixty (60) days following notice by the City, DTI shall submit to the City Manager a <br />complete statement of DTI's revenues and expenditures and a financial audit for the preceding <br />calendar year prepared by an independent certified public accountant. <br />§ 2.03 Financial Records <br />DTI shall keep, or cause to be kept, true, accurate and complete records, including double- <br />entry books, a profit and loss statement, and a balance sheet, such that if possible at all times to <br />determine the amount and nature of all revenues and expenditures. All expenditures and <br />transactions shall be supported by documents of original entry such as sales slips, cash register <br />tapes, and purchase invoice and receipts. All such account books, statements, balance sheets and <br />supporting documents shall be retained by DTI for a period of three (3) years after the end of the <br />accounting year to which they pertain. <br />§ 2.04 Accounting Procedures <br />DTI shall maintain a system of accounting according to Generally Accepted Accounting <br />Practices. <br />§ 2.05 Inspection and Audit <br />City shall be entitled, during the term of this Agreement and for a period of one year <br />following the termination, to: <br />(a) inspect and examine all of DTI's books, statements, records, and supporting documents <br />to ascertain the correctness of DTI's financial statements. Any such inspection and/or examination <br />shall be conducted during normal business hours with prior 15 days written notice to DTI; and <br />(b) inspect and examine each request for reimbursement received from DTI to ascertain that <br />all expenses submitted for reimbursement are for the purposes identified in Ordinance NS-1715 <br />and that all expenses submitted are sufficiently documented by receipts, purchase invoices, or <br />other permanent evidences of expenditure in accordance with Generally Accepted Accounting <br />Principles and established City accounting procedures. Any such inspection and/or examination <br />shall be conducted during normal business hours with prior 15 days written notice to DTI. <br />6 <br />25D-8